Indra Nooyi Resigns as Pepsi CEO

nooyi

“Today is a day of mixed emotions for me. has been my life for 24 years & part of my heart will always remain here. I’m proud of what we’ve done & excited for the future. I believe PepsiCo’s best days are yet to come.” With these words, Indra Nooyi, CEO of PepsiCo for the past 12 years announced her resignation. She will relinquish her post to Ramon Laguarta on October 3rd.

Nooyi continued by saying, “Growing up in India, I never imagined I’d have the opportunity to lead an extraordinary company like . Leading this company has been the honor of my lifetime. We’ve made more meaningful impact in people’s lives than I ever dreamed possible. I’m incredibly proud of all we’ve done over the past 12 years to advance the interests of our stakeholders in the communities we serve. What I admire about our global team is an incredible drive to compete – to be the best, to remain the best.”

As the New York Times reported, “She presided over a significant expansion of PepsiCo’s business, with revenue growing to $63.5 billion last year, from $35 billion in 2006, while the company’s share price nearly doubled in that time.” She is also credited with shifting the focus of the company from sugary drinks to other healthy offerings.

 

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